News

Asia Dry Bulk-Capesize rates may rise further on more cargo charters

November 24th, 2017|0 Comments

Freight rates for large dry cargo ships on key Asian routes are set to climb further amid tightening vessel supply from increased chartering activity and shipment delays due to unfavourable weather in China, brokers said. [...]

Sinking of offshore supply vessel SCI Ratna spells embarrassment for local shipyards, Govt

November 24th, 2017|0 Comments

The sinking of SCI Ratna, an oil exploration support vessel owned by state-run Shipping Corporation of India Ltd (SCI), 96 nautical miles off the coast of Mumbai on Tuesday, comes as a huge embarrassment to [...]

SCI ship sinks off coast, crew safe

November 23rd, 2017|0 Comments

An offshore supply vessel of the State-run Shipping Corporation of India (SCI) sunk off the Mumbai coast on Tuesday evening. “All the 16 crew members on board SCI Ratna have been rescued,” Director General of [...]

Dry Bulk FFA: Capesize In Bullish Phase

November 23rd, 2017|0 Comments

In a market range, but technically bullish. Upside moves that make fresh market highs will create a bearish divergence and market buyers should remain cautious on bullish breakouts because of this. • Dec – The [...]

Improving hull performance through IoT

November 23rd, 2017|0 Comments

There are many ways to reduce fuel usage and carbon emission. From the conventional way of hull cleaning and propeller polishing, to design modifications and renewable/alternate sources of energy, the industry is constantly evolving to [...]

All 11 crewmembers of storm-stricken Russian vessel rescued near Turkey’s shore

November 23rd, 2017|0 Comments

The 11-member crew of a Russian vessel, the Nefterudovoz-29, that was hammered by a storm near Turkey’s port of Bartin, have been brought to the shore and are safe now, ex-Director of MBS-Shipping (the vessel’s [...]

Capesize Market to Rally Until at Least the First Quarter of 2018 Says Shipbroker

November 23rd, 2017|0 Comments

Despite a looming iron ore imports’ curb from China, shipbrokers like Cotzias Intermodal Shipping appear to be optimistic about the medium-term prospects of the Capesize market. In its latest report, the shipbroker did mention that [...]

Ship Finance International Says Could Face Further Tanker Losses in Fourth Quarter

November 23rd, 2017|0 Comments

Ship Finance International Limited announced its preliminary financial results for the quarter ended September 30, 2017. Highlights • Declaration of third quarter dividend of $0.35 per share, the Company’s 55th consecutive quarterly dividend • Net [...]

Milaha Launches Feeder Service Between Sri Lanka and Bangladesh

November 22nd, 2017|0 Comments

Doha, Qatar – Milaha, a Qatar-based maritime transport and logistics conglomerate, has announced the launch of a direct feeder service between Sri Lanka and Bangladesh. Colombo and Chittagong will be the 7th and 8th new [...]

SharpEye™ radar for Pakistan Navy Submarine upgrade

November 22nd, 2017|0 Comments

Further SharpEye™ order for Pakistan Navy Submarine upgrade Kelvin Hughes, London, 21st November 2017 – Following the announcement in February 2017 that Kelvin Hughes will be supplying the SharpEye™ Doppler submarine radar system to the [...]

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